Suppose That an Industry's Long-Run Supply Curve Is Downsloping

question 8

Multiple Choice

Suppose that an industry's long-run supply curve is downsloping.This suggests that

• A)it is an increasing-cost industry.
• B)relevant inputs have become more expensive as the industry has expanded.
• C)technology has become less efficient as a result of the industry's expansion.
• D)it is a decreasing-cost industry.

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